Rising gas prices have been the big energy story of the past several weeks. But many energy experts say that's a sideshow compared with the really big energy event — the huge boom in oil and natural gas production in the U.S. that could help the nation reach the elusive goal of energy independence.
Since the Arab oil embargo of 1973, energy independence has been a Holy Grail for virtually every American president from Richard Nixon to Jimmy Carter to Barack Obama.
Interest in natural gas vehicles soared in the 1990s and then faded. Twenty years later, the cost of gasoline is going up while the cost of natural gas is going down. And that difference in price explains the resurgent interest in natural gas vehicles.
In Indiana, Fair Oaks Dairy Farm does more than just produce milk — it is also in the transportation business. The farm owns 60 trucks, which deliver milk to a processor halfway across the state. Last September, most of the trucks were converted to natural gas.
Tonight former Gov. Bill Ritter urged Americans to remove politics from the energy policy discussion. Ritter, who heads up the Center for the New Energy Economy at Colorado State University, hosted a forum on the connection between national security and energy policy.
The wind power industry in this country has grown fast in recent years, but that could come to a screeching halt.
The industry depends on a federal subsidy to keep it competitive with other forms of electricity. It's a tax credit wind farms get for the power they produce. That credit expires at the end of the year, and it's not clear whether Congress will renew it.
The tax credit was initially created to encourage wind energy, since it is a clean and secure source of electricity. But these days the argument is all about jobs.